Why do people fall for ponzi schemes?

>i live by the maxim that by the time you've heard something it in a public medium, it's too late, and youre probably hearing the hype from people trying to hand you the bag

That, and If you're not sure how an investment/business idea/whatever is intended to make money or work... DO NOT INVEST IN IT.

Run the numbers instead of buying hype

Greed, fear & lack of financial education

A lot of these people are well off though. You hear stories of people losing hundreds of thousands and millions. How did they get so much money to begin with if they lack financial education?

Look at professional athletes and the stigma they have around them.
Just because they are famous you hear their horror stories and how bad their financial decisions were.
Just because somebody makes a lot of money for being good at (insert talent here), doesn't make them financially smart.
The people that make the most money are the biggest targets of these ponzi schemes.

It's also altruism. Something dumb people use a lot. Unfortunately capitalism preys on altruism. That's why successful business people tend to be sociopaths

Organized religion is different from theism.
Remember that temples and churches are providing services.

I remember seeing a story on the news about a financial manager who invested in casinos in Alabama just before a state law banned them. All the athletes whose money he invested blamed him even though they should've been aware of the risks.

They make the mistake of believing their initial returns will continue.
So naivete with some greed mixed in.

They want to believe the scam is true. They want it so badly they are willing to ignore warning signs. All they really want is to have trust in something or feel secure in their investments. It's sort of sadly ironic how people who most want trust and security end up dealing with the least trustworthy or secure things.

This guy gets it.
I know guy who used to do these kind of scams and he told exactly what you said. People have a vice, you just have to exploit it and they'll believe everything you say.

The same reason people buy memecoins and penny stocks.

Because they believe it
Look at

If you get in early they're pretty good

>IBB
the same reason americans hate blacks

>>have to pay thousands to the church to get a priest do it
>>same for getting a kid baptized, confirmation, annulments, etc
where the fuck do you live thats suppossed to be free??
Also those are importants parts of your life

They think they will get rich quick. The world is full of them. If there is one thing you can advantage of be sure that it is other peoples greed.

Greed and laziness

They belive they can get rich through this special thing and won't have to do much to earn it.

Watched a friend drop 2000 dollars on a mlm exclusive coffee scheme before he gave up without every seeing a single cent getting back to him

On the plus side he has three expensive nespresso machines now, collecting dust, in his basement

He thinks that weddings and baptism and such costing thousands means clergy charge you for that shit. Not realizing that there are like venue hire and clothing costs and so on.

For a lot of people it's desperation too, tho that's less nice to think about.

Except in a truly fair society no one forces you to be catholic, or Jewish, or Javovah's Witness or whatever...

My point was and is ponzi schemes attract people because of the same impulse that makes people buy lottery tickets: the promise of big money.

seriously brah, you cant afford to tip the door man at the synagogue $90? You sure you are Jewish? It's one day a week... for fuck sake.